It’s not because of Adam Jonas. Stock went up last time Jonas downgraded. People are waking up and starting to realize something is not right at Tesla.
3 weeks ago: we’re opening more retail locations! Very important!
2 weeks ago: we’re closing down most of our stores to stay profitable!
Yesterday: Nvm, changing plans again
Tesla acts like a startup company. Which is fine, but it shouldn’t be on public markets
Right. So the proper course is to stick with a decision even when you're convinced it's wrong, or when the reaction to its disclosure is strongly negative?
Also, they shouldn't have built GA4 in a tent, huh? Because quickly deciding on and implementing a course of action is "acting like a startup company", no?
You don't have to tell me that markets don't respond well to quick change. That doesn't mean that being agile is bad. Also not agile: the non-avian dinosaurs.
Don't get me wrong - I think they need to work on comms, and learn to be better at slowly breaking news, because people take news better when you break it to them slowly. Cranking back Elon's Too-Much-Upfront-Honesty lever would be great too. And yes, it's long since time for them to implement a specific, firm policy on refunds, and a bunch of other things. That's very valid criticism.
But not sticking to a course that appears to be bad for the company is not a fault.